QQQT.TO vs. HISU-U.TO

Last updated Jun 4, 2026

QQQT.TO (Evolve NASDAQ Technology Index Fund CAD Hedged) and HISU-U.TO (Evolve US High Interest Savings Account Fund) are both exchange-traded funds - QQQT.TO is a Nasdaq-100 fund tracking the Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted Index, while HISU-U.TO is a Money Market fund actively managed by Evolve. QQQT.TO is passively managed, while HISU-U.TO is actively managed. Over the past year, QQQT.TO returned 67.05% vs 4.08% for HISU-U.TO. At a correlation of -0.18, they often move in opposite directions. QQQT.TO charges 0.25%/yr vs 0.15%/yr for HISU-U.TO.

Performance

QQQT.TO vs. HISU-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve NASDAQ Technology Index Fund CAD Hedged (QQQT.TO) and Evolve US High Interest Savings Account Fund (HISU-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

QQQT.TO is traded in CAD, while HISU-U.TO is traded in USD. To make them comparable, the HISU-U.TO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, QQQT.TO achieves a 31.74% return, which is significantly higher than HISU-U.TO's 2.33% return.

QQQT.TO

• 1D: -0.11%
• 1M: 16.83%
• YTD: 31.74%
• 6M: 29.48%
• 1Y: 67.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HISU-U.TO

• 1D: 0.42%
• 1M: 2.21%
• YTD: 2.33%
• 6M: 0.87%
• 1Y: 4.08%
• 3Y*: 4.59%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQT.TO vs. HISU-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QQQT.TO Evolve NASDAQ Technology Index Fund CAD Hedged	31.74%	30.06%	28.22%	15.37%
HISU-U.TO Evolve US High Interest Savings Account Fund	2.33%	-1.75%	12.72%	2.27%

Correlation

The correlation between QQQT.TO and HISU-U.TO is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.23
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	-0.18

Return for Risk

QQQT.TO vs. HISU-U.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQT.TO

QQQT.TO Risk / Return Rank: 82
QQQT.TO Sharpe Ratio Rank: 90
QQQT.TO Sortino Ratio Rank: 84
QQQT.TO Omega Ratio Rank: 84
QQQT.TO Calmar Ratio Rank: 76
QQQT.TO Martin Ratio Rank: 76

HISU-U.TO

HISU-U.TO Risk / Return Rank: 99
HISU-U.TO Sharpe Ratio Rank: 99
HISU-U.TO Sortino Ratio Rank: 99
HISU-U.TO Omega Ratio Rank: 99
HISU-U.TO Calmar Ratio Rank: 99
HISU-U.TO Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQQT.TO vs. HISU-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve NASDAQ Technology Index Fund CAD Hedged (QQQT.TO) and Evolve US High Interest Savings Account Fund (HISU-U.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	QQQT.TO	HISU-U.TO	Difference
Sharpe ratio Return per unit of total volatility	3.12	0.90	+2.23
Sortino ratio Return per unit of downside risk	3.82	1.25	+2.57
Omega ratio Gain probability vs. loss probability	1.51	1.16	+0.35
Calmar ratio Return relative to maximum drawdown	3.88	1.02	+2.86
Martin ratio Return relative to average drawdown	14.64	2.66	+11.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQT.TO vs. HISU-U.TO - Sharpe Ratio Comparison

The current QQQT.TO Sharpe Ratio is 3.12, which is higher than the HISU-U.TO Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of QQQT.TO and HISU-U.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QQQT.TO	HISU-U.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.12	0.90	+2.23
Sharpe Ratio (All Time) Calculated using the full available price history	1.45	0.85	+0.60

Drawdowns

QQQT.TO vs. HISU-U.TO - Drawdown Comparison

The maximum QQQT.TO drawdown since its inception was -30.32%, which is greater than HISU-U.TO's maximum drawdown of -5.49%. Use the drawdown chart below to compare losses from any high point for QQQT.TO and HISU-U.TO.

Drawdown Indicators

	QQQT.TO	HISU-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-30.32%	-5.49%	-24.83%
Max Drawdown (1Y) Largest decline over 1 year	-17.37%	-4.01%	-13.36%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.49%	—
Current Drawdown Current decline from peak	-0.11%	-0.69%	+0.58%
Average Drawdown Average peak-to-trough decline	-5.10%	-1.78%	-3.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.59%	1.54%	+3.05%

Volatility

QQQT.TO vs. HISU-U.TO - Volatility Comparison

Evolve NASDAQ Technology Index Fund CAD Hedged (QQQT.TO) has a higher volatility of 6.27% compared to Evolve US High Interest Savings Account Fund (HISU-U.TO) at 0.79%. This indicates that QQQT.TO's price experiences larger fluctuations and is considered to be riskier than HISU-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQT.TO	HISU-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.27%	0.79%	+5.48%
Volatility (6M) Calculated over the trailing 6-month period	17.09%	3.43%	+13.66%
Volatility (1Y) Calculated over the trailing 1-year period	21.61%	4.58%	+17.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.23%	5.94%	+20.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.23%	5.94%	+20.29%

QQQT.TO vs. HISU-U.TO - Expense Ratio Comparison

QQQT.TO has a 0.25% expense ratio, which is higher than HISU-U.TO's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

QQQT.TO vs. HISU-U.TO - Dividend Comparison

QQQT.TO's dividend yield for the trailing twelve months is around 0.23%, less than HISU-U.TO's 2.74% yield.

Position	TTM	2025	2024	2023	2022
HISU-U.TO Evolve US High Interest Savings Account Fund	2.74%	2.93%	3.70%	3.85%	0.90%
QQQT.TO Evolve NASDAQ Technology Index Fund CAD Hedged	0.23%	0.30%	0.38%	0.25%	0.00%

Frequently Asked Questions

Can I hold both QQQT.TO and HISU-U.TO in my portfolio?

QQQT.TO and HISU-U.TO have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQQT.TO or HISU-U.TO?

On fees, HISU-U.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQT.TO or HISU-U.TO?

HISU-U.TO is cheaper with a 0.15% expense ratio, compared with 0.25% for QQQT.TO.

What is the main difference between QQQT.TO and HISU-U.TO?

QQQT.TO is categorized as Nasdaq-100, while HISU-U.TO is Money Market. Their fees differ too: 0.25% for QQQT.TO and 0.15% for HISU-U.TO.